Analysts Expect Global Payments Inc (GPN) Will Announce Quarterly Sales of $1.04 Billion

Equities analysts expect Global Payments Inc (NYSE:GPN) to report sales of $1.04 billion for the current quarter, Zacks reports. Eleven analysts have issued estimates for Global Payments’ earnings, with the lowest sales estimate coming in at $1.04 billion and the highest estimate coming in at $1.05 billion. Global Payments reported sales of $924.28 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The business is expected to announce its next quarterly earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that Global Payments will report full-year sales of $4.46 billion for the current fiscal year, with estimates ranging from $4.44 billion to $4.48 billion. For the next year, analysts forecast that the business will report sales of $4.75 billion, with estimates ranging from $3.69 billion to $4.94 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Global Payments.

Global Payments (NYSE:GPN) last issued its earnings results on Wednesday, February 13th. The business services provider reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.25 by $0.08. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.04 billion. Global Payments had a net margin of 13.43% and a return on equity of 19.11%. The company’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business earned $1.07 earnings per share.

A number of equities analysts have weighed in on the stock. Piper Jaffray Companies increased their target price on shares of Global Payments to $152.00 and gave the stock an “overweight” rating in a research report on Thursday, February 14th. ValuEngine downgraded shares of Global Payments from a “buy” rating to a “hold” rating in a report on Tuesday, November 6th. BMO Capital Markets increased their price target on shares of Global Payments from $139.00 to $146.00 and gave the stock an “outperform” rating in a report on Thursday, November 1st. Mizuho increased their price target on shares of Global Payments to $136.00 and gave the stock a “buy” rating in a report on Thursday, February 14th. Finally, Zacks Investment Research downgraded shares of Global Payments from a “hold” rating to a “sell” rating in a report on Wednesday, January 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $133.24.

In related news, Director Robert H. B. Baldwin, Jr. sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, February 14th. The shares were sold at an average price of $121.49, for a total value of $425,215.00. Following the sale, the director now directly owns 68,817 shares of the company’s stock, valued at $8,360,577.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert H. B. Baldwin, Jr. sold 3,000 shares of the firm’s stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $102.02, for a total transaction of $306,060.00. Following the completion of the sale, the director now directly owns 74,899 shares in the company, valued at $7,641,195.98. The disclosure for this sale can be found here. Insiders sold 9,500 shares of company stock worth $1,063,735 over the last ninety days. 0.98% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of the business. Nissay Asset Management Corp Japan ADV raised its stake in shares of Global Payments by 0.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 12,472 shares of the business services provider’s stock worth $1,286,000 after acquiring an additional 99 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of Global Payments by 35.7% during the fourth quarter. Bessemer Group Inc. now owns 407 shares of the business services provider’s stock worth $43,000 after acquiring an additional 107 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Global Payments by 15.6% during the fourth quarter. IFP Advisors Inc now owns 897 shares of the business services provider’s stock worth $92,000 after acquiring an additional 121 shares in the last quarter. Securian Asset Management Inc raised its stake in shares of Global Payments by 0.8% during the fourth quarter. Securian Asset Management Inc now owns 16,426 shares of the business services provider’s stock worth $1,694,000 after acquiring an additional 123 shares in the last quarter. Finally, JOYN Advisors Inc. grew its holdings in shares of Global Payments by 58.7% in the fourth quarter. JOYN Advisors Inc. now owns 346 shares of the business services provider’s stock worth $36,000 after purchasing an additional 128 shares during the last quarter. 98.44% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:GPN traded up $0.68 on Thursday, reaching $126.62. 1,403,000 shares of the company’s stock were exchanged, compared to its average volume of 1,528,834. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.20. The firm has a market capitalization of $19.92 billion, a PE ratio of 24.40, a P/E/G ratio of 1.22 and a beta of 1.15. Global Payments has a 52 week low of $94.81 and a 52 week high of $129.25.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 15th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.03%. The ex-dividend date of this dividend is Thursday, March 14th. Global Payments’s dividend payout ratio is currently 0.77%.

Global Payments Company Profile

Global Payments Inc provides payment technology and software solutions for credit cards, debit cards, electronic payments, and check-related services. It offers authorization services, settlement and funding services, customer support and help-desk functions, chargeback resolution, terminal rental, sales and deployment, payment security services, consolidated billing and statements, online reporting, industry compliance, and payment card industry security services.

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